QUESTION 10 Budgeted costs for the year of a professional services firm are as follows: Associates salaries $400,000 Fringe benefits 100,000 Lease expense 265,000 Partner salaries 450,000 Telephone & fax 60,000 Calculate the budgeted overhead rate for the coming year, using direct labor dollars as the overhead allocation base For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph Arial 10pt S EE X X S & T Te 10 V - +] V (> (6)